Oil prices are expected to trend up another 8 to 9 dollars? Do monitor O&G counters closely especially those that have been beaten down badly or oversold. Gudluck everyone.
• Hmm.. oil still just shy of 62.. thats why. Also Perisai has been very quite for some time without any announcement of new contracts etc. I opine poor management team not promoting this counter..
Oil is still above Us$60. Summer travels in US will spur oil demand. In Sun paper today Petronas in Pengerang needs up to 60,000 workers. And El nino phenomena on the way to help Palm oil.
someone try to cook up story about pengerang and Perisai. Pengerang is a downstream project while perisai is only serving the upstream business particularly in offshore construction, drilling and support, all of this is very sensitive to E&P capex from Petronas.
1) Perisai at 43.5 cents has fallen 63% from its 52 week high of RM1.60. Perisai has fallen even more than Crude Oil. Crude Oil fell 46% while Perisai fell 63%. So Perisai is in Oversold Territory.
2) Perisai at 43.5 cents with NTA of Rm1.05 is selling at A Huge Discount of 59% to NTA. A Big Margin of Safety Among O & G Counters!
3) Petronas' RAPID IN Pengerang now ongoing. Good for Perisai
4) El Nino is on the way to Boost All Vegetable Oil & Mineral Oil alike. VERY GOOD NEWS FOR PERISAI.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yingkang87
445 posts
Posted by yingkang87 > 2015-06-06 20:08 | Report Abuse
But oil price went up 2% on Friday nite!! So hope price will up!!